"First pass" Ballpark tonnage guesstimate at Paris is 350m (strike length) x 6m (average width from 15 intersections) x 60m (depth) = 315,000 metric tonnes with strike open running BOTH east, west and depth. Assume grade of 2 g/t for 21,000 gold ounces, 3 g/t for 31,500 gold ounces.
These ball park guesstimates have very significant upside within a +2,500 meter long gold corridor.
Very small issued capital (55M shares), very small market cap ($13.2M) and about $5M in cash, so entire project area has an EV of $8.2M. Lots of upside potential.
TOR Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
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